Fetch.ai (FET) price prediction: Will $2 trigger a major breakout?
Updated: Sep 22, 2024
Published: Sep 20, 2024
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Inverted Head and Shoulders: FET is one of those assets we highlighted previously for an inverted head-and-shoulders setup. That played out nicely, but we needed more certainty from the interest rate decision, so staying on the sidelines was smart. Now, we’re seeing a bit more clarity.
Context Matters: Like FTM and TIA, FET is still down significantly from its highs. However, there’s a key price level we need to watch at $2. I think this will bring back positive sentiment for this asset individually because that's a great recovery, and if we break above that, it could trigger a stronger move. Until then, we’re still cautious and not putting this at the front of the asset class in terms of strength, but it's still something to consider in the AI sector.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
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